Ninety One buys 5% of Rupert's Remgro as its assets jump to £171.8B
What's the deal? Ninety One, South Africa's largest private asset manager, has acquired a stake of more than 5% in RemgroDealroom has a profile for this one. Try Dealroom →, the diversified investment company controlled by billionaire Johann Rupert and his family. Remgro disclosed the transaction in a Stock Exchange News Service announcement on August 17, 2026.
The specifics: Ninety One now holds 5.0156% of Remgro's issued ordinary shares. But it holds them on behalf of clients rather than as a direct corporate ownership stake.
Remgro filed the required notices with the Takeover Regulation Panel and the Companies and Intellectual Property Commission, as required by the Companies Act and JSE Listings Requirements.
Who is Remgro? The group traces back to 1948, when Anton Rupert founded the Rembrandt GroupDealroom has a profile for this one. Try Dealroom → as a tobacco business. After a restructuring led by Johann Rupert, it became a diversified investor with stakes in MediclinicDealroom has a profile for this one. Try Dealroom →, DiscoveryDealroom has a profile for this one. Try Dealroom →, FirstRandDealroom has a profile for this one. Try Dealroom →, Heineken BeveragesDealroom has a profile for this one. Try Dealroom →, TotalEnergiesDealroom has a profile for this one. Try Dealroom →, and Rainbow Chicken, among others.
Why now? The purchase comes as Ninety One enters a period of stronger performance after years of pressure on assets and client flows. For the financial year ended March 31, 2026, its assets under management reached £171.8 billion — about R3.9 trillion — up 31% from £130.8 billion a year earlier.
The numbers: Ninety One returned to positive net client flows, recording £2.8 billion in net inflows versus £4.9 billion in net outflows in 2025. Revenue rose 9% to £763.3 million, and profit after tax increased 2.27% to £153.5 million.
A major driver was a 15-year strategic agreement with SanlamDealroom has a profile for this one. Try Dealroom →, which added £18.3 billion — roughly R401 billion — to assets under management. Under the deal, Ninety One became Sanlam's primary active investment manager and gained preferred access to its distribution network in South Africa.
What they're saying: Chief executive officer Hendrik du Toit said the company is benefiting from improving demand. "The demand recovery for emerging markets is visible, and our offering is competitive," he said, adding it is "investing through the cycle in talent and technology to be future fit."
The signal: A domestic asset manager taking a sizeable position in one of the country's largest investment houses signals renewed confidence in South African equities — and reflects Ninety One's momentum as emerging-market demand recovers.
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